The HK government will put the blockchain financial innovation business within appropriate supervision / Previous rules, innovative breakthroughs

HK Financial Secretary Paul Chan Mo-po recently said that blockchain technology will be an important means to promote the development of financial innovation, but also pose risks, and the Hong Kong government will put such businesses under appropriate supervision to protect investors and financial security, and prevent financial risks from being brought to the mainland. (PANews report)

Regulation means compliance, compliance means legal or normative restrictions, innovation is uncertain, uncertainty means risk, and there are two sides of the same coin. Comxper expert explain that if you hire a consultant, you will coach compliance, and there are generally qualitative and quantitative measures, and these standards are usually transformed by industry leaders according to the rules of thumb, so the previous experience has its reference, but innovation is also ahead of experience, think about better solutions! (SDChain report)

SixDomainChain (SDChain) is the world’s first decentralized public blockchain ecosystem that integrates international standards of IoT Six-Domain Model and reference architecture standards for distributed blockchain.